Articles Posted in Federal Taxation

NASHVILLE, Tenn; MIDLAND, Michigan – With the complexity of tax regulations and the potential financial implications for businesses, experts are emphasizing the critical importance of tax planning consultations for all business owners. Here’s why scheduling one should be on every entrepreneur’s to-do list. You can schedule your tax planning consultation today by calling (615) 267-0125…

FRAZIER LAW FIRM EXPANDS ITS service offerings in Michigan MIDLAND, Mich. – The Law Offices of Charles R. Frazier has expanded its practice in the Great Lakes Bay market to now include estate planning, elder law and business succession planning services. Adding to its existing tax planning, compliance and controversy services, the firm is now…

MIDLAND, Michigan — Taxpayers are reminded that the extended tax filing deadline is swiftly approaching on October 16th. Those who requested an extension earlier this year must submit their completed tax returns by this date to avoid late-filing penalties. The October 16th deadline applies to taxpayers who requested a six-month extension to file their 2022…

The Internal Revenue Service (IRS) has announced a temporary moratorium on the processing of new Employee Retention Tax Credit (ERTC) applications. The decision comes amid a surge in applications and concerns about potential fraud, necessitating the pause to allow the IRS to review and streamline its verification procedures. The ERTC, initially implemented as a response…

The IRS has been slowly digging out of the Covid pandemic backlog of unprocessed tax returns and in recent months, the IRS has announced its intention to begin normal collection activities for taxpayers with unpaid tax balances. So, what should you do if you owe money to the IRS? I can answer that question in…

Every business owner needs to have a working knowledge of basic accounting principles and an understanding of the primary financial statements that assist in monitoring the financial health of their business. This workshop will discuss the three primary financial statements and show how they relate to one another. All entrepreneurs need to be able to…

Taxation of the new student loan forgiveness program could be considered one of the “fine print” topics attached to this federal debt relief plan. As the U.S. Department of Education officially launched its student loan forgiveness application this week, an estimated 43 million Americans stand to benefit from the program. So how does that translate…

BRENTWOOD, Tenn., & MIDLAND, Mich. – The Inflation Reduction Act was signed into law by the President earlier in the week. Conservative headlines claim 87,000 new armed IRS agents are coming after the American middle class. Tax professionals are balking at these claims. “With 87,000 new IRS agents, people may think agents won’t have anything…

Tax season is fully underway and an important deadline for businesses is just around the corner. March 15 is the due date for most organizations classified as partnerships and S-Corporations to file their annual tax returns to the Internal Revenue Service. It’s critical to file these returns on time or apply for an automatic extension…

We are thrilled to announce a new addition to our team, Mr. Rick Miller, CPA. He will lead tax matters at our firm in Brentwood. Rick has extensive experience in tax planning and compliance. A banking and financial industry insider since 2002, Rick most recently operated his own tax and financial advisory practice, Miller Advisors,…